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US retail chain Dollar General $DG-1.4% released its 3Q results.

Sales rose 2.4% year-on-year to USD 9.7bn. Comparable sales declined 1.3% y-o-y on average market estimates of a 2.29% decline.

DG
$142.85 -$1.97 -1.36%
Capital Structure
Market Cap
31.4B
Enterpr. Val.
48.9B
Valuation
P/E
18.9
P/S
0.8
Dividends
Yield
1.7%
Payout
31.2%

Gross margin in the quarter was 29%, slightly below analysts' expectations of 29.2%.

The company reported an operating profit of EUR 433.5 million. The average expectation was USD 426.6 million. USD. Year-on-year, it recorded a decline of 41%.

For fiscal year 2023, Dollar General expects revenue growth in the range of 1.5% to 2.5%.

The company's board of directors approved a quarterly dividend of $0.59 per share on December 6, 2023, payable on January 23, 2023. The ex-date for this dividend is January 9, 2024.


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